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20121201
20121231
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CNBC 16
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English 16
Search Results 0 to 15 of about 16
CNBC
Dec 17, 2012 2:00pm EST
to washington to see what is said on both sides. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long hard week ahead as families begin saying good-bye to loved ones and burying those victims who did not survive last woke's tragedy. first two funerals were held today. the first for 6-year-old noah posner, whose twin sitter survived in another room. and jack pinto. there is a lot of evidence both from the school and shooter's home and now they are beginning the long process of going through that evidence. they say they hope it will point to a motive. teachers today are meeting to discuss how best to hand they'll tragedy, moving forward as student begin to return to class
CNBC
Dec 5, 2012 6:00am EST
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
CNBC
Dec 26, 2012 9:00am EST
. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some sentiment that came out of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be mo
CNBC
Dec 20, 2012 12:00pm EST
on almost two months now without giving relief to the northeast who was struck by that violent storm sandy. 700,000 or 800,000 homes destroyed in new jersey and new york alone. when irene struck, we acted very quickly. we didn't look and say, well, let's see, alabama has two republican senators, mississippi has two republican senators, texas has two republican senators -- >> while the political ping-pong in the nation's capital continues, senate majorities lead are reid says we're not going to take up the bill, calls it a nonstarter. and the plan b vote could come at any time. stephanie, what the heck is going to happen here? you're getting more of the same out of dc. >> i think the market will continue to be volatile. you'll continue to see this political jockeying. and you either have trade this by it minute or you have to take along are term approach and you have to focus on the fundamentals of the u.s. economy, global economy and company specifics. >> i think there's a plan c that allows to extend the middle class tax cut for those making $250,000 or less. and we angsed the amt questio
CNBC
Dec 24, 2012 9:00am EST
from sandy, at the beginning of november, there was a lot to make up as we got throughout the course of november. but black friday came back nicely. we actually think that it's more going to affect some of the lower income consumers as you look back at the consumer confidence numbers than the higher end special names. we think it will hold it pretty well throughout the season. >> speaking of high end specialty names, you do favor coors and lululemon, those are some of the highest retailers out there. what do you see coors doing right? what sorts of sales numbers do they need to see this season to justify the valuation? >> they're at about 27 times. which given the kind of growth rate they've seen, i don't think it's all that expensive. the same-store sales were 25% last quarter. don't see that slowing even though we have modeled in a slowdown from that. not just at their retail stores, where they have a lot of room to open more stores. at the wholesale accounts, the big department stores, they're seeing incredible sales increases. they're putting in these shops that triple the busine
CNBC
Dec 11, 2012 9:00am EST
the issue of the katrina spending, or sandy spending, the president has spoken time and time again, we need additional stimulus of spending. we saw how well that has worked out the last couple of times, $700 billion, $800 billion spent and not producing any jobs. that's the problem. when the government spends money, and a lot of these other infrastructure investments and stimulus, it takes from the private sector, not creating jobs. if the government is able to spend this money better than a private sector, i have a problem with that. >> i just came from michigan. there's been a resurgence of the auto industry. there was federal money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accounta
CNBC
Dec 17, 2012 6:00am EST
't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton administration. when it expired in 2004, george w. bush was president. he was nomin
CNBC
Dec 13, 2012 6:00am EST
for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually at another charity dinner where they auctioned off tickets to this event with a car waiting outside and some very generous person spend $19,000 and bought the tickets. >> not that much. >> 19 you think is not? >> i thought there were tickets earlier that were going for more than that, also. >> it was an extraordinary concert for an extraordinary situation. and -- >> it will be interesting to see how much money -- >> we'll probably find out soon enough how much money was raised. >> 12-12-12. and we're all still here. >> someone told me at 12:-12-12 and at 12:12, i called penelope. i wanted to be on the phone for that moment. i thought it was very row mant ek. you didn't do that. >> i didn't. >> it's really not 100 years. it's 88 years. was she laughing about that? >> she was. >> she's a big viewer. so she knew 100 years, you coul
CNBC
Dec 20, 2012 9:00am EST
]. >> they spend on their pets. one name we have not mentioned yet, bed bath & beyond, sales fall short and sandy keeps getting blamed. >> it is decelerating. people feel it is amazon or sandy. now getting cheap. 55, 56, i would not sell it. i feel like in the end, [ inaudible ] [ bell ringing ] there they are, at the opening bell. top of your screen is the s & p 500. down at the exchange, pet care brand u can tube in ba and canine companions for independence providing highly trained dogs for people with disabilities.ompanions for inde providing highly trained dogs for people with disabilities. >> intercontinent, ice, a day -- what happened? there's a dog up there. >> what's the question? >> we used to -- the bell used to be big companies ringing. i mean, is this an anachronism, david? >> you want to come back to this? >> 200-year-old company gets bought by a 12-year-old company. is mr. mcdonald there? i don't see him. maybe is there a little irony here, going for an ironic touch. >> looking for significant cost savings in this merger. we have been saying 450 million. we take a look at dogs. 150
CNBC
Dec 27, 2012 9:00am EST
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
CNBC
Dec 19, 2012 6:00am EST
disasters from the united states, $25 billion from superstorm sandy alone. >> nike capital agreed in principle to be acquired by getgo on the cash portion of the bid. knight capital agreed. the cash portion a prior bid increased. $3.75 a share and knight ceo, tom yois, would have been the chairman, instead be executive chairman. our guest in the first hour, one of wall street's most successful value investors continues to deliver for his clients. his fund is up 30% this year. joining us now, lee cooperman, chairman of omega advisories, delivering alpha advisory board and speaker, something we put on every year. i can hear all this stuff, i guess it was greatly exaggerated, the demise of investing and investing in general, and you can only get 5 or 6% if you're lucky and here you come in this past year with 30%. >> the year is not over. 7 1/2 trading days left and we're watching it closely. >> you've basically done this by staying positive for most of the year. >> positive most of the year and continuing mildly positive now, less positive than we have been. >> really? why on earth
CNBC
Dec 24, 2012 12:00pm EST
think this season is so different because of superstorm sandy. so what we saw right after thanks giving is a snap back. we have seen solid demand as we get closer to christmas and new year's. there's no doubt on the back side of the events in late october with super storm. it was a slow demand period for jetblue and for the industry in the northeast. >> it has been a difficult few weeks for jet travel because of the weather. are operations back it normal at this point? have you been able to make up the lost time o or no, not yet? >> absolutely. operations are back to normal. we are operating a record level of flight activity. right in the mid 85% load factors. we have seen a nice rebound on the back side of the storm. >> what are bookings looking like going forward? how are you expecting the first half it play out? >> visibility is a little bit after question mark as we move into the future. we are cautiously optimistic. let's face it, a lot has to do with what happens in washington. decisions. it really is. it is not like we didn't see this coming. >> they had 13 months to figure out a
CNBC
Dec 12, 2012 9:00am EST
by hurricane sandy. man, do those people need and deserve the help. still dealing with it. >> i had a congressman from new jersey on, and it was really interesting to me. i said, you've got to then. don't you want to help jersey? he said, i want accountability. but i said, isn't it important to put money in people's pockets? he said, no, i want accountability. i said, man, you're in jersey. boy, it's bad down there. >> terrible. >> we've seen dell and hp do relatively well over the past week. citi comes out, cuts their forecast on industry growth. they were at minus 1, they go to minus 3. reiterate their cell on dell, hpq. although they it rate buying on nova. >> he's a board member of hewlett-packard. >> michael, dell had good things to say, $5 billion away from pcs. these are regarded as pc stocks. pc, pc, pc, no. >> but as a trade, there is this notion perhaps that with whitworth on the board that there could be change from within. should meg whitman not be an attraction she needs to gain over the course of the next year or so? therefore, it will result in some change at hewlett-
CNBC
Dec 14, 2012 9:00am EST
. the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each other for a lack of progress. this was the speaker yesterday. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> we're joined this morning by a republican member of the house budget committee congressman mick mulvany of south carolina. congressman, good morning to you. >> hey, guys. thanks for having me. >> it's been quite a week as we watch the progress or lack of progress in these talks and now so much of the attention is being paid to the house republicans and those that agree with
CNBC
Dec 24, 2012 6:00am EST
, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind up having a big january and the stocks tend to
CNBC
Dec 27, 2012 6:00am EST
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
Search Results 0 to 15 of about 16